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Malibu Boats, Inc. - $MBUU STOCK NEWS

Welcome to our dedicated page for Malibu Boats news (Ticker: $MBUU), a resource for investors and traders seeking the latest updates and insights on Malibu Boats stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Malibu Boats's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Malibu Boats's position in the market.

Rhea-AI Summary
Malibu Boats, Inc. (MBUU) appoints Bruce Beckman as Chief Financial Officer, effective November 27, 2023. Beckman joins from Entegris with a proven track record in finance and strategic execution. He will lead the financial management and planning processes, driving Malibu's next stage of growth.
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End-of-Day
-0.34%
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management
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Rhea-AI Summary
Malibu Boats, Inc. (Nasdaq: MBUU) reported its financial results for the first quarter ended September 30, 2023. Net sales decreased by 15.3% to $255.8 million compared to the same quarter last year. Unit volume also declined by 24.1% to 1,698 units. Gross profit decreased by 23.9% to $56.8 million, and net income decreased by 42.5% to $20.8 million. Adjusted EBITDA decreased by 31.7% to $39.0 million. Net income per share (diluted) decreased by 42.0% to $0.98 per share, and adjusted fully distributed net income per share decreased by 36.9% to $1.13 per share on a fully distributed weighted-average share count of 21.3 million shares of Class A Common Stock.
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End-of-Day
-3.32%
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Rhea-AI Summary
Malibu Boats to release Q1 fiscal 2024 financial results on October 31, 2023
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-1.02%
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Rhea-AI Summary
Malibu Boats, Inc. executives to participate in fireside chat at D.A. Davidson conference
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1.12%
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News
Rhea-AI Summary
Axis Wake introduces the all-new A245, a redesigned and advanced boat model for 2024.
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-3.48%
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Rhea-AI Summary
Malibu Boats, Inc. announces Q4 and FY 2023 financial results. Net sales increased 5.4% to $372.3 million in Q4 and 14.3% to $1,388.4 million in FY 2023. Gross profit increased 14.3% to $102.5 million in Q4 and 13.3% to $351.3 million in FY 2023. Net income decreased 136.3% to a net loss of $18.0 million in Q4 and 34.0% to $107.9 million in FY 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
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Rhea-AI Summary
Malibu Boats, Inc. (Nasdaq: MBUU) will release its Q4 and full-year fiscal 2023 financial results on August 29, 2023. A conference call will be hosted by CEO Jack Springer and CFO David Black at 8:30 a.m. ET on the same day. Interested parties can listen to the call by dialing (833) 630-1956 or (412) 317-1837, or by accessing the live webcast on the company's website. A replay of the webcast will be available on the website for twelve months.
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-1.44%
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Rhea-AI Summary
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0.79%
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Rhea-AI Summary
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0.79%
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Rhea-AI Sentiment
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-2.07%
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Malibu Boats, Inc.

Nasdaq:MBUU

MBUU Rankings

MBUU Stock Data

727.85M
20.20M
3.28%
100.05%
5.42%
Boat Building
Manufacturing
Link
United States of America
LOUDON

About MBUU

founded in 1982 in merced, calif., malibu is the world's leading watersports towboat manufacturer by sales volume and is the global leader in patented wake and wave creation technologies. the malibu brand family also includes axis wake research and cobalt boats. today, malibu boats and axis are still handcrafted in the united states along the shore of the tennessee river in loudon, tenn., and boast unmatched american engineering, luxury, technology and quality. in australia, malibu and axis boats are made at our factory in north albury, new south wales, with the same legendary craftsmanship. whether you wakeboard, surf or ski with family and friends, malibu has your ideal boat. build your own custom malibu or axis in minutes using the world's first 3d boat configurator at www.malibuboats.com or www.axiswake.com.